{
  "id": 14106238,
  "title": "HLIB keeps 'Buy' call on MN Holdings, RM4.65 target",
  "url": "https://urgent.news/2026/10/13/hlib-keeps-buy-call-on-mn-holdings-rm4-65-target",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T03:27:26.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1554240/hlib-keeps-buy-call-mn-holdings-rm465-target"
  },
  "original_language": "en",
  "account": "Hong Leong Investment Bank (HLIB) has retained its \"Buy\" recommendation on MN Holdings Bhd, maintaining the target price at RM4.65. The investment bank highlighted the company's advantageous position to gain from Malaysia's growing power infrastructure investment cycle. MN Holdings secured a contract to build power facilities for a data centre, contributing to its year-to-date contract wins of RM643 million, which accounts for 64% of HLIB's RM1 billion full-year target for the company. With the latest contract, HLIB estimates MN Holdings' outstanding order book at RM1.89 billion, with data centre-related projects making up 68% of the orders. The bank remains optimistic about Malaysia's power infrastructure upcycle, driven by robust demand from private players and Tenaga for data centre and solar projects. HLIB expects MN Holdings' contract wins for financial year 2027 (FY27) to exceed RM1 billion, attributing this potential to the acceleration of Malaysia's power infrastructure cycle in FY27, particularly with an additional five gigawatts of capacity approved by the Data Centre Task Force.",
  "summary": "KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) has maintained its “Buy” call on MN Holdings Bhd with an unchanged target price of RM4.65, citing the company’s strong positioning to benefit from Malaysia’s accelerating power infrastructure investment cycle.",
  "key_points": [
    "Hong Leong Investment Bank retains Buy rating on MN Holdings",
    "MN Holdings targets RM4.65, contract wins RM643 million YTD",
    "Data centre projects make up 68% of RM1.89 billion order book"
  ],
  "editors_take": "MN Holdings is positioning itself as a primary beneficiary of Malaysia's expanding power infrastructure cycle as data centre demand drives a significant surge in its total order book.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}